The possibility to block decisions of the management bodies of a company of strategic importance – definition and meaning of "The possibility to block decisions of the management bodies of a company of strategic importance"

The possibility of blocking decisions made by the management bodies of a strategically significant joint-stock company — the ability of a foreign investor or a group of persons directly or through third parties to prevent the management bodies of a strategically significant joint-stock company from making decisions, in cases where, according to Russian legislation and (or) the charter of the joint-stock company, such decisions are adopted by a qualified majority of votes or unanimously¹.

Federal Law No. 57-FZ dated April 29, 2008 "On the procedure for foreign investments in joint-stock companies that are strategically significant for ensuring national defense and state security", as amended on October 1, 2019, Article 3, subpara. 5 // RSZ RF. 2008. No. 18. P. 1940. ↩